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Frequently Asked Questions
What is the best RSI setting for ExpertOption trading in India?
For Indian beginners, the default RSI period of 14 is recommended for daily charts. Use a shorter period like 7 for faster signals on 5-minute or 15-minute timeframes. Adjust based on your trading style, but start with 14 to avoid false signals.
How do I use RSI to get buy and sell signals on ExpertOption?
A buy signal occurs when RSI crosses above 30 from oversold territory, and a sell signal when it crosses below 70 from overbought. For stronger signals, wait for the RSI to exit these zones and confirm with price action. Avoid trading when RSI is between 30 and 70, as it indicates no clear trend.
Can I trade Nifty or Bank Nifty options using RSI on ExpertOption?
Yes, ExpertOption offers Nifty and Bank Nifty indices for binary options. Apply the RSI indicator with a 14-period setting on 1-hour or 4-hour charts for reliable signals. Use oversold (below 30) for call options and overbought (above 70) for put options, but always combine with support and resistance levels.
What RSI settings work best for 1-minute binary options on ExpertOption?
For 1-minute trades, use a faster RSI period of 5 or 7 to catch quick reversals. Look for RSI crossing above 30 for a call signal or below 70 for a put signal. Be cautious of high noise on this timeframe and consider using a moving average filter to confirm trends.